Annual General Meeting

Here we provide you with information on the Audi Annual General Meeting 2020. You will also find all the information about past years’ Annual General Meetings.

2020

The 131st Annual General Meeting will take place on Friday, July 31, 2020, at 10:00 a.m. Due to the coronavirus pandemic, the event will take place as a virtual Annual General Meeting without physical presence.

Speeches by the Board of Management

07/31/2020 | Speeches by Markus Duesmann and by Dr. Arno Antlitz

16 pages, EN

PDF

298.0 KB

Important information and documents at a glance

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on June 24, 2020.

Explanation of agenda items without resolutions
Documents to be made available the Annual General Meeting including the documents stated under agenda item 5
Total number of shares and voting rights at the time of convening

At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.

Additional notes on the rights of shareholders
Report of the Supervisory Board
Articles of Incorporation and Bylaws of AUDI AG (German only)
Voting results (German only)
Notes on General Data Protection Regulation (GDPR)

Information on the squeeze-out according to German stock corporation law

Volkswagen AG plans to acquire the approximately 0.36 percent of Audi shares that are publicly traded by way of a squeeze-out according to German stock corporation law. A resolution on the squeeze-out according to German stock corporation law is to be passed by this year’s Annual General Meeting of AUDI AG. In light of this, the Annual General Meeting of AUDI AG, which was originally scheduled for May 14, 2020, has been postponed to July 31, 2020.

Q&As squeeze-out according to German stock corporation law

What is a squeeze-out?

In a squeeze-out under stock corporation law, all of the shares of a stock corporation are transferred to a significant shareholder (the majority shareholder). This requires that a shareholder holding at least 95% of the share capital of a stock corporation demands the transfer of the shares of the other shareholders (minority shareholders) to the majority shareholders. The majority shareholder must pay adequate cash compensation to the minority shareholders as consideration. For you, as a minority shareholder in AUDI AG, this means that your share(s) will be transferred to Volkswagen AG and, in return, you will receive appropriate cash compensation from Volkswagen AG (see below for the determination and specification of the cash compensation).

Why is Volkswagen AG able to conduct a squeeze-out?

Volkswagen AG currently holds around 99.64% of the share capital of AUDI AG. This means it has the shareholding required by law to conduct a squeeze-out. By way of a request for transfer dated February 28, 2020, Volkswagen AG informed AUDI AG that it was demanding the transfer of the remaining shares, corresponding to around 0.36% of the share capital. On July 31, 2020, the Annual General Meeting of AUDI AG passed a resolution to transfer the shares of the minority shareholders to the majority shareholder Volkswagen AG against the payment of an adequate cash compensation.

What next steps following the request for transfer by Volkswagen AG and the ad hoc disclosure by AUDI AG on February 28, 2020, are still to be made?

The squeeze-out follows a formal process that is largely proscribed by the German Stock Corporation Act: To determine the appropriate cash compensation payable to the minority shareholders as consideration for their shares, a valuation of AUDI AG has been conducted by a renowned auditing firm. The amount for the appropriate cash consideration has additionally been examined by a court-appointed expert auditor. Volkswagen AG then set the cash compensation to be paid on this basis. Accordingly, AUDI AG immediately published this Information in line with the statutory regulations via ad hoc disclosure on June 16, 2020. On July 31, 2020, the Annual General Meeting of AUDI AG passed a resolution to transfer the shares of the minority shareholders to the majority shareholder Volkswagen AG against the payment of an adequate cash compensation. With effect of this resolution, the minority shareholders will receive the defined cash collateral as consideration for their shares.

What is the amount of the cash compensation?

The amount for the cash compensation is determined by Volkswagen AG and has been carried out on the basis of a valuation of AUDI AG and an examination of the appropriateness of the cash compensation by a court-appointed expert auditor in particular. Providing concrete information, Volkswagen AG has announced that it has determined the cash compensation to be paid to the minority shareholders as a consideration for transferring their shares to be EUR 1,551.53 per AUDI AG share. Accordingly, AUDI AG immediately published this Information in line with the statutory regulations via ad hoc disclosure on June 16, 2020.

When will I receive information on the cash compensation?

Volkswagen AG has informed AUDI AG about the amount for the appropriate cash compensation that has been determined. Accordingly, AUDI AG immediately published this Information in line with the statutory regulations. When the Annual General Meeting for 2020 was convened, the shareholders were also provided with a comprehensive report detailing and giving reasons for the conditions of the share transfer and the appropriateness of the cash compensation (“transfer report”). In addition, the shareholders were provided with the examination report of the court-appointed expert on the appropriateness of the cash compensation. All documents have been made available on our  Annual General Meeting website under the item “Documents to be made accessible to the Meeting including the documents stated under agenda item 5” since the date on which the convening notice for the Annual General Meeting for 2020 was published.

2019

The 130th Annual General Meeting of AUDI AG was held at the Audi Forum Ingolstadt on Thursday, May 23, 2019.

Speeches by the Board of Management

05/23/2019 | Speeches by Bram Schot and by Alexander Seitz

14 pages, EN

PDF

201.5 KB

05/23/2019 | Presentation by Bram Schot and Alexander Seitz

41 pages, EN

PDF

12.1 MB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on March 29, 2018.

Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening

At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.

Additional notes on the rights of shareholders
Report of the Supervisory Board
Articles of Incorporation and Bylaws of AUDI AG (German only)
Countermotions
Proxy Voting (German only)

With the Proxy Voting you have the opportunity to assign a third party as your proxy or to instruct proxies appointed by the company on the your voting intention for the 130th Annual General Meeting of AUDI AG.

Voting results (German only)
Information about General Data Protection Regulation

Facts & Figures of the Audi Annual General Meeting 2019

At the Annual General Meeting 2019, the Board of Management provided a prospect into the company’s goals and plans to sustainably increase our share. Take a look:

2018

The 129th Annual General Meeting of AUDI AG was held at the Audi Forum Ingolstadt on Wednesday, May 9, 2018.

Speeches by the Board of Management

05/09/2018 | Presentations by Prof. Rupert Stadler and by Alexander Seitz (German only)

52 pages, DE

PDF

8.7 MB

05/09/2018 | Speeches by Prof. Rupert Stadler and Alexander Seitz

15 pages, EN

PDF

181.3 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on March 29, 2018.

 
Modifications to Agenda Item 4
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Articles of Incorporation and Bylaws of AUDI AG (German only)
Proxy Voting (German only)

With the Proxy Voting you have the opportunity to assign a third party as your proxy or to instruct proxies appointed by the company on the your voting intention for the 129th Annual General Meeting of AUDI AG. 

Voting results (German only)

2017

The 128th Annual General Meeting of AUDI AG was held on Thursday, May 18, 2017 at the Audi Forum Neckarsulm.

Speeches by the Board of Management

05/18/2017 | Presentations made by Chairman of the Board of Management Prof. Rupert Stadler and by Axel Strotbek, Board Member for Finance, IT and Integrity of AUDI AG.

17 pages, EN

PDF

229.1 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on April 11, 2017.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Articles of Incorporation and Bylaws of AUDI AG (German only)
Countermotions
Voting results (German only)

2016

The 127th Annual General Meeting of AUDI AG was held on Thursday, May 12, 2016 at the Audi Forum Ingolstadt.

Speeches by the Board of Management

05/12/2016 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Review 2015

6 pages, EN

PDF

117.1 KB

05/12/2016 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Outlook 2016

7 pages, EN

PDF

133.1 KB

05/12/2016 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG

7 pages, EN

PDF

116.0 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on April 5, 2016.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Countermotions
Voting results (German only)

2015

The 126th Annual General Meeting of AUDI AG was held on Friday, May 22, 2015 at the Audi Forum Neckarsulm.

Speeches by the Board of Management

05/22/2015 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Review 2014

6 pages, EN

PDF

117.8 KB

05/22/2015 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Outlook 2015

7 pages, EN

PDF

126.7 KB

05/22/2015 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG

5 pages, EN

PDF

559.2 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on April 10, 2015.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Countermotions
Voting results (German only)

2014

The 125th Annual General Meeting of AUDI AG was held on Thursday, May 22, 2014 at the Audi Forum Ingolstadt.

Speeches by the Board of Management

05/22/2014 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Part 1

7 pages, EN

PDF

213.8 KB

05/22/2014 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Part 2

9 pages, EN

PDF

231.1 KB

05/22/2014 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG

8 pages, EN

PDF

220.8 KB

Further information

Convening

The convening of the Annual General Meeting was published in the electronic Federal Official Gazette on April 11, 2014.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting

AUDI AG

Audi Akademie GmbH

By resolution of the Shareholder Meeting pursuant to Section 264, Para. 3 No. 1 of the German Commercial Code, the company is exempt from the duty of disclosure in the fiscal years 2013 and 2012.

Audi Electronics Venture GmbH

Audi Vertriebsbetreuungsgesellschaft mbH

By resolution of the Shareholder Meeting pursuant to Section 264, Para. 3 No. 1 of the German Commercial Code, the company is exempt from the duty of disclosure in the fiscal years 2013, 2012 and 2011.

Auto Union GmbH

quattro GmbH

By resolution of the Shareholder Meeting pursuant to Section 264, Para. 3 No. 1 of the German Commercial Code, the company is exempt from the duty of disclosure in the fiscal years 2013, 2012 and 2011.

 
 
Total number of shares and voting rights at the time of convening
At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.
Additional notes on the rights of shareholders
Voting results (German only)

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